MONMOUTH REAL ESTATE ANNOUNCES TAX TREATMENT FOR 2021 DISTRIBUTIONS

Rhea-AI Summary

Monmouth Real Estate Investment Corporation (NYSE:MNR) announced the tax treatment of its 2021 distributions, detailing cash distributions to shareholders of common and preferred shares. For common shares, total distributions amounted to $0.720 per share, with 44.33% categorized as non-qualifying ordinary income and 49.74% as return of capital. Preferred shares had total distributions of $1.531252 per share, with 88.20% classified as non-qualifying ordinary income. Shareholders are advised to consult tax advisors for specific treatment.

Positive

• 2021 total distribution for common shares was $0.720, with a high occupancy rate of 99.7%.
• Preferred shares had higher non-qualifying ordinary income designation at 88.20%.

Negative

• None.

HOLMDEL, NJ, Jan. 26, 2022 (GLOBE NEWSWIRE) -- Monmouth Real Estate Investment Corporation (NYSE:MNR) today announced the tax treatment of its 2021 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of Monmouth’s common and preferred shares during the calendar year ended December 31, 2021.

Common - CUSIP 609720107

Shown as Dollars ($)
Payment Date	Distributions Paid Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecap Sec 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/2021		$0.180000		$0.079282		$0.011748		$0.000000		$0.088970		$0.079282
6/15/2021		$0.180000		$0.070231		$0.030956		$0.000000		$0.078813		$0.070231
9/15/2021		$0.180000		$0.084818		$0.000000		$0.000000		$0.095182		$0.084818
12/15/2021		$0.180000		$0.084818		$0.000000		$0.000000		$0.095182		$0.084818
TOTAL		$0.720000		$0.319149		$0.042704		$0.000000		$0.358147		$0.319149

Shown as a Percentage (%)
Payment Date	Distributions Paid Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecap Sec 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/2021		$0.180000	44.045571	%	6.526859	%	0.000000	%	49.427570	%	44.045571	%
6/15/2021		$0.180000	39.017319	%	17.197773	%	0.000000	%	43.784908	%	39.017319	%
9/15/2021		$0.180000	47.121099	%	0.000000	%	0.000000	%	52.878901	%	47.121099	%
12/15/2021		$0.180000	47.121099	%	0.000000	%	0.000000	%	52.878901	%	47.121099	%
TOTAL		$0.720000	44.326272	%	5.931158	%	0.000000	%	49.742570	%	44.326272	%

6.125% Series C Cumulative Redeemable Preferred - CUSIP 609720404

Shown as Dollars ($)
Payment Date	Distributions Paid Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecap Sec 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/2021		$0.382813		$0.333103		$0.049710		$0.000000		$0.000000		$0.333103
6/15/2021		$0.382813		$0.251828		$0.130985		$0.000000		$0.000000		$0.251828
8/31/2021		$0.382813		$0.382813		$0.000000		$0.000000		$0.000000		$0.382813
12/15/2021		$0.382813		$0.382813		$0.000000		$0.000000		$0.000000		$0.382813
TOTAL		$1.531252		$1.350557		$0.180695		$0.000000		$0.000000		$1.350557

Shown as a Percentage (%)
Payment Date	Distributions Paid Per Share		Non-Qualifying Ord. Income (1a)		Total Long-Term Capital Gain (2a)		Unrecap Sec 1250 Gain (2b)		Return of Capital (3)		Section 199A Dividends (5)
3/15/2021		$0.382813	87.014444	%	12.985556	%	0.000000	%	0.000000	%	87.014444	%
6/15/2021		$0.382813	65.783614	%	34.216386	%	0.000000	%	0.000000	%	65.783614	%
8/31/2021		$0.382813	100.000000	%	0.000000	%	0.000000	%	0.000000	%	100.000000	%
12/15/2021		$0.382813	100.000000	%	0.000000	%	0.000000	%	0.000000	%	100.000000	%
TOTAL		$1.531252	88.199514	%	11.800486	%	0.000000	%	0.000000	%	88.199514	%

NOTE: Section 199A Dividends (Box 5) is a subset of, and is included in, the Total Ordinary Dividends reported in Box 1a.

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.

Monmouth Real Estate Investment Corporation, founded in 1968, is one of the oldest public equity REITs in the world. The Company specializes in single tenant, net-leased industrial properties, subject to long-term leases, primarily to investment-grade tenants. Monmouth Real Estate Investment Corporation is a fully integrated and self-managed real estate company, whose property portfolio consists of 123 properties containing a total of approximately 25.2 million rentable square feet, geographically diversified across 32 states. The Company’s occupancy rate as of this date is 99.7%.

Contact: Becky Coleridge
732-577-9996

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FAQ

What were Monmouth Real Estate's distributions for 2021?

The total distributions for common shares were $0.720 per share for 2021.

How much of Monmouth's 2021 distributions were non-qualifying ordinary income?

For common shares, 44.33% were classified as non-qualifying ordinary income.

What is the total distribution for Monmouth's preferred shares in 2021?

The total distribution for preferred shares was $1.531252 per share.

What percentage of Monmouth's preferred shares distributions were non-qualifying income?

88.20% of the preferred shares distributions were classified as non-qualifying ordinary income.

What occupancy rate did Monmouth Real Estate report?

Monmouth reported an occupancy rate of 99.7%.